After setbacks, Franklin wary of more development deals

August 6, 2014
Associated Press
A backlog of unfinished work by the Franklin Development Corp. is why Mayor Joe McGuinness doesn't want to give new funding to the organization until the pending projects are finished.

Hospitals' occupancy declining over long termRestricted Content

July 19, 2014
J.K. Wall
Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.

Golf-soccer hybrid tees off at five Indiana courses

June 28, 2014
Andrea Muirragui Davis
Burned by the economic meltdown and the scorching summer of 2012, five Indiana golf courses are rolling out a new game this year in hopes of bringing a little more green to their greens.

Ivy Tech moves Franklin campus to central region

February 28, 2014
Associated Press
The shift follows several Ivy Tech consolidations, including those of the Columbus and southeast regions and of the Bloomington and Evansville regions.

Online markets help Indiana growers find new customers

August 4, 2013
Associated Press
Online "food hubs" have emerged as small and medium-sized farmers have worked together to find quicker and broader ways to distribute their produce.

Manufacturer plans $30.2M expansion in Franklin

June 7, 2013
 IBJ Staff
NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.

Johnson County passes tougher smoking law

November 5, 2012
Johnson County commissioners on Monday morning approved countywide public smoking restrictions that will take effect in January. The ordinance is more restrictive than previous laws passed in Franklin and Greenwood.

Communications firm Metronet plants flag in Indy areaRestricted Content

October 13, 2012
 IBJ Staff
The Evansville company plans to install more than 200 miles of fiber-optic lines in Franklin.

Precision Cutoff closing Franklin metal-tube plant

October 4, 2012
Dan Human
The Franklin metal-tube factory with 39 employees plans to close early next year, less than five years the $2 million plant opened.

Golf courses scramble to weather lack of rain

July 14, 2012
Anthony Schoettle
Crooked_Stick_WatchVideoPGA officials are keeping their eyes on Carmel's Crooked Stick as the BMW Championship approaches. And groundskeepers are using some high-tech tactics to avoid the withering effects of drought.

Heartland Bancshares approves acquisition by HorizonRestricted Content

July 7, 2012
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.

Ritter's owners hope burgers will help fuel turnaroundRestricted Content

June 2, 2012
Sam Stall
Hoping to capitalize on the enduring appeal of Ritter's Frozen Custard, the chain's New York owners are launching another attempt to right-size the franchises with a new Indianapolis store, a revamped marketing plan, and burgers and fries.

Zionsville voters approve tax bump for school system

May 8, 2012
 IBJ Staff
Zionsville voters passed a referendum Tuesday night that will hike local property taxes to provide additional school funding. Meanwhile, Johnson County taxpayers voted no Tuesday on a referendum to decide whether to help finance a $30 million library project.

Zionsville voters face lone area school-funding referendum

May 7, 2012
Scott Olson
Zionsville's school district is asking taxpayers to address a $2.5 million budget shortfall. Meanwhile, in Johnson County, voters will consider whether to help finance a $30 million project that includes the construction of a 70,000-square-foot library.

Rising gas prices prompt creation of ninth area vanpool routeRestricted Content

April 7, 2012
Central Indiana Commuter Services started offering service this month between Franklin and the Defense Finance & Accounting Services facility in Indianapolis.

Building rentals help school district make ends meet

March 19, 2012
Associated Press
Franklin is planning to raise $120,000 by renting the performing arts center and middle school auditorium this year — six times what the district made in rental fees four years ago.

Franklin College makes upgrading its science labs a priorityRestricted Content

January 28, 2012
 IBJ Staff
The small, private college put a new residence hall on the backburner to emphasize student-driven research.

Japanese auto parts maker adding 50 jobs in Franklin

September 22, 2011
 IBJ Staff
KYB Manufacturing North America Inc. expects to invest $6.4 million to add warehouse and distribution facilities to its existing 51-acre campus in Johnson County.

INSIDE DISH: Willard builds on family-dining plan

September 16, 2011
Mason King
Dish_Willard_WatchVideoFranklin's neighborhood brew-and-pub-food palace—with roots in the community reaching back to 1860—has boosted sales through a shift in strategy following a city smoking ban.

Johnson County still dealing with 2008 flood

September 6, 2011
Associated Press
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.

Manufacturer plans 35 jobs in Franklin expansion

August 17, 2011
 IBJ Staff
An Arbor, Mich.-based manufacturer is planning a $10 million expansion to its plant south of Indianapolis that will add 35 more employees, it announced Wednesday.

Best Buy closing Franklin warehouse; 301 jobs lost

May 19, 2011
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.

School district eyes events, students for revenue

March 19, 2011
Associated Press
Franklin Community Schools officials say they don't want to be in the same situation they were last year, when the state forced the district to eliminate $3 million from its budget.

Franklin calls off deal to land brewery plant

September 17, 2010
Kathleen McLaughlin
The Franklin Redevelopment Commission decided Thursday to call off the deal because TailGate Beer of San Diego failed to respond to a deadline to provide detailed financial information.

Caterpillar seeks tax abatement for Franklin plant

September 13, 2010
Caterpillar Reman Powertrain is requesting the tax break to offset costs related to a $13.6 million investment the company says will help retain 338 factory jobs.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.